Guideline Value for STRAHANS 8TH LANE

Strahans 8th Lane guideline value

The current guideline value of Strahans 8th Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Strahans 8th Lane has changed

Over the years, the guideline value for Strahans 8th Lane has seen several revisions. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. This was followed by a decrease to Rs 3,350 per sq.ft in 2017, but the value rose again to Rs 5,000 per sq.ft in 2023, and finally reached Rs 5,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The overall change from 2007 to 2024 reflects a significant rise of 400%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, which is equal to the current guideline value of Strahans 8th Lane.

• Strahans 7th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 9th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 6th Lane: Rs 5,500 per sq.ft (2024)
• Strahans Road: Rs 7,100 per sq.ft (2024)
• Strahans 5th Lane: Rs 5,500 per sq.ft (2024)
• Strahans 4th Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Strahans 8th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost to Rs 4,95,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Strahans 8th Lane?

The Sub Registrar Office that covers Strahans 8th Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Purasaivakkam

The guideline value is a crucial factor in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When a buyer and seller agree on a sale price, the registration office will use the higher of the sale price or the guideline value to calculate applicable fees.

Understanding the guideline value helps both buyers and sellers ensure that they are compliant with local regulations during the registration process. It is essential to be aware of the current guideline values to avoid any discrepancies at the time of property registration.

Frequently asked questions

What is the current guideline value of Strahans 8th Lane?

The current guideline value of Strahans 8th Lane is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What is the registration fee for properties in Strahans 8th Lane?

The registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the registration fee would be Rs 1,10,000.

Where is the Sub Registrar Office for Strahans 8th Lane located?

The Sub Registrar Office for Strahans 8th Lane is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What other streets in Purasaivakkam have the same guideline value?

Other streets in Purasaivakkam with a guideline value of Rs 5,500 per sq.ft include Strahans 7th Lane, Strahans 9th Lane, Strahans 6th Lane, Strahans 5th Lane, and Strahans 4th Lane.